JHVEPhoto Introduction Lululemon (NASDAQ:LULU) (NEOE:LULU:CA) (TSX:LLL:CA) — the most popular yoga-inspired, premium, athleisure brand — reported mixed Q2 earnings results. By my expectations, it was a rather underwhelming report. For one, growth continued to slow down, which could be a symptom of weak consumer sentiment, market saturation, and increasing competition. I've recently written a deep dive article highlighting 10 reasons to buy Lululemon stock and since then, the stock has fallen by about 10 ...

Core Viewpoint - A securities class action lawsuit has been filed against lululemon athletica inc. for allegedly making false or misleading statements regarding its business performance and operations during the Class Period from December 7, 2023, to July 24, 2024 [1][2]. Group 1: Allegations Against lululemon - The lawsuit claims that lululemon faced significant issues with inventory allocation and color palette execution [2]. - The launch of the Breezethrough product was reported to have underperformed, contributing to stagnating sales in the Americas region [2]. - Positive statements made by the company regarding its business and prospects were deemed materially misleading and lacked a reasonable basis due to the aforementioned issues [2]. Group 2: Lead Plaintiff Process - Investors in lululemon have until October 7, 2024, to apply to be appointed as lead plaintiff representatives in the class action [3]. - The lead plaintiff will represent the interests of all class members and select legal counsel for the case [3]. - Participation as a lead plaintiff does not affect the ability of investors to share in any potential recovery from the lawsuit [3]. Group 3: Legal Representation - Kessler Topaz Meltzer & Check, LLP is encouraging lululemon investors who have experienced significant losses to reach out for more information regarding the lawsuit [4]. - The firm has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5].

Lululemon Athletica TodayLULULululemon Athletica$259.47 +0.46 (+0.18%) 52-Week Range$226.01▼$516.39P/E Ratio20.81Price Target$354.94Add to WatchlistLululemon Athletica Inc. NASDAQ: LULU had only a few bits of positive news when it presented results for the second quarter on August 29, and it's no surprise that shares of the athletic apparel company remain down more than 31% in the last year. Nonetheless, a close inspection of the firm's operations—taking into account ongoing challenges on both internal and ...

Core Insights - Lululemon Athletica reported mixed financial results for Q2, with revenue missing expectations but EPS beating forecasts [1][2] - Analysts have varied ratings and price targets, reflecting differing views on the company's growth potential and challenges [1][2] Analyst Ratings and Price Targets - Truist Securities maintains a Buy rating with a price target of $310, citing strong international momentum and a $1 billion repurchase authorization [2] - Goldman Sachs holds a Neutral rating, raising the price target to $291 from $286, noting weaknesses in the U.S. women's business but offsetting growth in men's apparel and Canada [2] - Piper Sandler also maintains a Neutral rating, increasing the price target to $260 from $250, while adjusting EPS estimates for 2024 and 2025 to $13.88 and $14.75, respectively [3] - BMO Capital Markets reiterates a Market Perform rating with a price target of $265, highlighting better-than-expected gross margins [3] - JP Morgan maintains an Overweight rating with a price target of $338, suggesting potential growth from international expansion and new product categories [4] - Stifel keeps a Buy rating with a price target of $370, emphasizing the need for a turnaround in the U.S. business [5] Financial Performance and Projections - Analysts have adjusted EPS estimates for 2024 and 2025, with Truist lowering projections to $14.05 and $15.40, while Piper Sandler increased estimates to $13.88 and $14.75 [2][3] - The company is expected to achieve mid-teens revenue growth and high-teens earnings growth through FY26, with modest improvements in operating margins [5] - Despite improvements in inventory and margins, Lululemon's gross margins remain below those of peers, and there are significant slowdowns in domestic and women's revenue [4][5] Market Sentiment and Stock Performance - LULU shares are currently trading lower by 0.72% to $257.14, reflecting market sentiment amid mixed analyst outlooks [5]

Core Insights - Lululemon athletica inc. (LULU) reported second-quarter fiscal 2024 earnings that exceeded expectations, with earnings per share (EPS) of $3.15, a 17.5% increase year over year, while sales fell short of estimates after eight consecutive quarters of surpassing them [1][4][9] - The company is continuing its Power of Three X2 growth plan but has lowered its revenue and EPS guidance for fiscal 2024 due to macroeconomic uncertainties [1][9][11] Financial Performance - LULU's quarterly revenues increased by 7.3% year over year to $2.371 billion, but missed the Zacks Consensus Estimate of $2.404 billion [4][9] - Gross profit rose 8.8% year over year to $1.4 billion, with a gross margin expansion of 80 basis points to 59.6% [5][6] - Operating income increased by 12.7% year over year to $540.2 million, with an operating margin of 22.8%, up 110 basis points [6][10] Sales Channels - Total comparable sales rose 2% year over year, with a 3% increase on a constant-dollar basis [4][5] - In the Americas, comparable sales declined by 3%, while international comparable sales increased by 19% [5][9] Store Expansion Plans - LULU opened 11 company-operated stores and closed one in the second quarter, with plans to open 14 more in the third quarter [7][9] - The company anticipates opening 35-40 company-operated stores for fiscal 2024, primarily in international markets [7][12] Guidance and Projections - For the third quarter of fiscal 2024, LULU expects net revenues of $2.34-$2.365 billion, indicating 6-7% year-over-year growth [9][10] - The company has revised its fiscal 2024 revenue guidance to $10.375-$10.475 billion, suggesting 8-9% year-over-year growth, down from earlier projections [11][12] Shareholder Returns - LULU repurchased 1.9 million shares for $583.7 million in the second quarter, with $1 billion remaining under its current share repurchase authorization [8][12]

Key TakeawaysLululemon on Thursday reported second-quarter financial results that included a 3% drop in U.S. comparable-store sales and 1% growth in U.S. revenue.Executives said the company didn't present shoppers with enough "newness," referring to seasonal updates to its lineup.CEO Calvin McDonald said the company is looking to refresh its lineup "as quickly as possible." Shoppers visited Lululemon's (LULU) stores and website in the second quarter. When they got there, though, they didn’t see enough new s ...

Core Viewpoint - Lululemon Athletica reported mixed second-quarter results, leading to a decrease in stock price and a lowered full-year outlook [1][3]. Financial Performance - For the quarter ended July 28, Lululemon's revenue rose 7.3% year-over-year to $2.37 billion, with international sales increasing by 29% [1]. - Earnings per share (EPS) increased by 17.5% from the previous year to $3.15 [1]. - Analysts had expected revenue of $2.41 billion and EPS of $2.93, indicating a shortfall in expectations [3]. Outlook Adjustments - Due to "uncertainties in the macro environment," Lululemon revised its full-year revenue forecast to between $10.375 billion and $10.475 billion, down from a previous estimate of $10.7 billion to $10.8 billion [3]. - The company now anticipates EPS in the range of $13.95 to $14.15, lowered from $14.27 to $14.47 [3]. Future Guidance - For the third quarter, Lululemon projects revenue between $2.34 billion and $2.365 billion, with EPS expected to be in the range of $2.68 to $2.73 [4]. Market Performance and Analyst Sentiment - Lululemon's stock has underperformed in 2024, down 50% year-to-date compared to the S&P 500's 18% gain [5]. - Despite this, analysts remain optimistic, with an average target price of $322.20, suggesting an upside of over 25% [5]. - Stifel has a bullish outlook with a Buy rating and a price target of $370, citing Lululemon's unique positioning for growth and underappreciated international contributions [5].

Lululemon stock is down 50% this year.In this video, I will cover Lululemon's (LULU -0.50%) recent earnings report and comments from management. Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Aug. 29, 2024. The video was published on Aug. 30, 2024. ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Lululemon (LULU) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Lululemon currently has an average broker ...

Key TakeawaysLululemon Athletica shares moved higher in premarket trading Friday after the activewear retailer reported higher-than-expected profit and outlined efforts to accelerate the introduction of new products, offsetting weak sales and a cut to its full-year outlook.The stock's premarket move sets the stage for a potential retest of the top trendline of a descending channel and the 50-day moving average.Investors should monitor post-earnings price levels on the Lululemon chart at $272, $293, $335. an ...